Hello Friends,
As expected Nifty should fall in the last blog it happened buy little early. I was expecting it go further up near 78.6 % but it came down from 61.8 % which is also eligible condition for wave ((ii)) . But the question is . Is the wave ((ii)) completed on Thursday on 12080 level or we are still in wave ((ii)) ?
(i) Condition 1st : ( Red lines ) In this case , there are chances that it may open little gap up and easily cross 11950 level thus in this condition it can go till 12130 level max. than the wave ((iii)) will start.
(ii) In Condition 2nd : ( Pink lines ) : In this condition it shouldn't go much higher to 11950 and will sustained near or below this level. and later after 11.30 p.m . it should fall and much lower level we may see till 11700 level at least.
Three charts are posted 1 Hour, 15 min. , 5 min.
For more reliable result wait for Option updates tomorrow morning.
Disclaimer : Please ask your financial adviser before making any investment/trade , as the author will not be responsible for any kind of profit or loss made by you.
One must analyse his own before making trade or invest.
Thanks , with Regards
Arun Khanna
As expected Nifty should fall in the last blog it happened buy little early. I was expecting it go further up near 78.6 % but it came down from 61.8 % which is also eligible condition for wave ((ii)) . But the question is . Is the wave ((ii)) completed on Thursday on 12080 level or we are still in wave ((ii)) ?
(i) Condition 1st : ( Red lines ) In this case , there are chances that it may open little gap up and easily cross 11950 level thus in this condition it can go till 12130 level max. than the wave ((iii)) will start.
(ii) In Condition 2nd : ( Pink lines ) : In this condition it shouldn't go much higher to 11950 and will sustained near or below this level. and later after 11.30 p.m . it should fall and much lower level we may see till 11700 level at least.
Three charts are posted 1 Hour, 15 min. , 5 min.
 |
| NIFTY 1 HOUR CHART |
 |
| NIFTY 15 MIN. |
 |
| NIFTY 5 MIN. CHART |
Disclaimer : Please ask your financial adviser before making any investment/trade , as the author will not be responsible for any kind of profit or loss made by you.
One must analyse his own before making trade or invest.
Thanks , with Regards
Arun Khanna
